Euro zone to make public debt restructuring easier by 2022

New rules on so-called single limb Collective Action Clauses will be introduced by 2022, Centeno said after a meeting of euro zone finance ministers in Brussels.

Reuters

December 04, 2018 / 13:50 IST

Euro zone finance ministers agreed to introduce by 2022 new rules that would facilitate the restructuring of public debt in the bloc's countries, the chairman of the Eurogroup Mario Centeno said on Tuesday.

New rules on so-called single limb Collective Action Clauses will be introduced by 2022, Centeno said after a meeting of euro zone finance ministers in Brussels.

Reuters

first published: Dec 4, 2018 01:46 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347